NEW YORK, June 29, 2007 /PRNewswire/ — Golub Capital today announced that it has provided Chicago Growth Partners with a $10.10 million senior subordinated debt facility and a $3.15 million senior holding company note in support of the firm’s acquisition of Jonathan Engineered Solutions (JES).
Headquartered in Irvine, Ca., with offices in Mexico, Shanghai and Taiwan, JES is a leading provider of engineered solutions for mechanical engineering applications in three sectors: data storage technology, military and defense, and industrial and commercial. JES’ core line of products is mechanical sub- assemblies and integrated kits that commonly consist of ball-bearing slides, bracketry, trays, engineered sheet metal and sheet metal assemblies. Typical field applications for JES’ product solutions include rack-mounted computer servers, data storage units, ruggedized rack-mounted electronic devices in military systems, mechanical applications in military systems, telecommunications apparatus, airborne transportation systems and a myriad of other industrial applications.
The Company’s engineering expertise, short-run manufacturing flexibility and responsive turnaround times are distinct advantages and provide JES with opportunities to consolidate various peripheral components in delivering a turnkey product solution to customers in the form of a fully-integrated kit or mechanical subassembly.
“JES’ management team has developed a very compelling business model with deeply entrenched customer relationships through high levels of customization in a low-volume, short-run manufacturing environment,” says Stefano Robertson, a Senior Vice President with Golub Capital. “We are pleased to support JES and Chicago Growth Partners as they continue to grow their business and expand their value-proposition with both existing and new customers.”
About Golub Capital
Golub Capital is an active provider of one-loan debt financings (through the Firm’s proprietary GOLD facility), and we offer innovative combinations of senior debt, subordinated and second lien debt, preferred stock and co- investment equity capital. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, Golub Capital has a high level of flexibility in structuring investments. Typical investments range from $5 million to $75 million, with additional capital available for future growth. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.
About Chicago Growth Partners
Chicago Growth Partners is a Chicago-based private equity investment firm focused on investing in lower middle market companies in the business and consumer services, industrial growth and healthcare markets. CGP distinguishes itself through its experienced team – including in-house marketing, information technology and operations expertise; its approach to the development and execution of strategies designed to build success; its focus on growth as the primary driver of returns and its commitment to partnering with portfolio companies that demonstrate strong management capability and opportunity. CGP moves beyond the delivery of growth capital by lending significant industry experience, knowledge and leadership to each business situation. CGP currently manages $1.2 billion of committed capital while investing Chicago Growth Partners, L.P.
SOURCE: Golub Capital